- earnings-related pension
- /ˌɜ:nɪŋz rɪˌleɪtɪd 'penʃən/ nouna pension which is linked to the size of a person’s salary
Dictionary of banking and finance. 2015.
earnings-related pension
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State Earnings-Related Pension Scheme — The State Earnings Related Pension Scheme (SERPS) is a UK Government pension arrangement. The scheme ran from 6 April 1978 to 5 April 2002. Everybody who paid full class 1 National Insurance at some point between 1978 and 2002 earned a pension… … Wikipedia
State Earnings-Related Pension Scheme — ( SERPS) A top up pension scheme to boost the state basic pension. Employees can build up an entitlement to SERPs by paying National Insurance Contributions on part of their earnings. Financial Services Glossary SERPS was replaced by the State… … Financial and business terms
state earnings-related pension scheme — (SERPS) United Kingdom An additional state pension based on the employee s national insurance contributions (NICs) and earnings. It ran from 6 April 1978 to 5 April 2002 when it was replaced by the … Law dictionary
state earnings related pension scheme — Entitlement to SERPs is in addition to the basic pension and as its amount is dependent on the claimant s earnings since April 1978 on which employee National Insurance Contributions (NIC) have been paid. SERPs can be replaced by a contracted out … Law dictionary
State Earnings Related Pension Scheme — UK US noun ► FINANCE SERPS(Cf. ↑SERPS) … Financial and business terms
earnings-related — ˌearnings reˈlated adjective ACCOUNTING relating to the amount of money that you earn and changing in relation to this amount, used especially about a pension scheme: • a state earnings related pension scheme • earnings related contributions * *… … Financial and business terms
earnings-related — UK US adjective economics relating to the amount of money that you earn, or calculated according to the amount of money that you earn Thesaurus: words used to describe wages and salarieshyponym wages and salariessynonym * * * ˌearnings reˈlated… … Useful english dictionary
earnings-related — earnings re lated adj relating to the amount of money that you earn ▪ an earnings related pension scheme … Dictionary of contemporary English
earnings-related — ADJ: usu ADJ n An earnings related payment or benefit provides higher or lower payments according to the amount a person was earning while working. [BRIT] ...the Government s State Earnings Related Pension Scheme … English dictionary
earnings-related — adjective connected with the amount of money that you earn: an earnings related pension scheme … Longman dictionary of contemporary English
